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Failed
Failed argues that some of the most important economic developments of recent years, including prolonged economic failures and alternatives, are widely misunderstood. Topics include the Eurozone, growth in the developing world, Latin America's "second independence" in the 21st century, and the International Monetary Fund's policies and loss of influence.
Social security
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Social Security
An argument is made that social security is under threat from its implied "rescuers" due to a national frenzy and economically-motivated political manipulation.
Social Security
Is it true that the Social Security system is in serious trouble and must be repaired? As baby boomers begin to retire, will they inevitably, by force of their sheer numbers, bankrupt the system? Is Social Security a big Ponzi scheme that will leave future generations with little to show for their lifetime of contributions? Is the only way to solve the Social Security crisis through radical changes like privatization or bolstering it with massive new taxes? According to the authors of this important new study, the answer to these questions is a resounding no. In Social Security: The Phony Crisis, economists Dean Baker and Mark Weisbrot argue that there is no economic, demographic, or actuari...
Global Backlash
This work aims to move beyond the monolithic portrayal of the globalization protests that have escalated since Seattle and are not likely to abate soon. With analysis and primary documents from a variety of popular and uncommon sources, Robin Broad explores proposals and initiatives coming from the backlash to answer the question, But what do they want? A range of propositions and a debate among segments of the backlash emerge.
Poor Numbers
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Taking Economics Seriously
A leading economist's exploration of what our economic arrangements might look like if we applied basic principles without ideological blinders. There is nothing wrong with economics, Dean Baker contends, but economists routinely ignore their own principles when it comes to economic policy. What would policy look like if we took basic principles of mainstream economics seriously and applied them consistently? In the debate over regulation, for example, Baker—one of the few economists who predicted the meltdown of fall 2008—points out that ideological blinders have obscured the fact there is no “free market” to protect. Modern markets are highly regulated, although intrusive regulatio...
Argentinaâ€TMs Economic Meltdown
March 5, 2002, Testimony of Mark Weisbrot before the Subcommittee on International Monetary Policy and Trade of the Committee on Budget and Financial Services (House of Representatives). Mark Weisbrot's testimony appears p. 44-47 and p. 118-128.
